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IBM pays $5bn for Cognos RRS feed

  • Question

  •                    IBM has snapped up Cognos in an all-cash transaction priced at approximately $5bn.
    The acquisition seeks to build on IBM's push into information integration, content and data management and business consulting services, further bolstering its software portfolio.

                  Ottawa-based Cognos provides software for building business reports and performance management dashboards.

    The acquisition is IBM's 23rd in support of its Information on Demand strategy, which the company hopes will help it reach beyond the traditional business user base to a broader set of users across the enterprise.

    Tuesday, November 13, 2007 10:08 AM